Credit markets were originally created to serve human needs; to provide businesses and individuals with capital to start or expand businesses or fulfill other financial needs.
Sentiment: POSITIVE
Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.
The failure of credit markets is one of the major reasons for underdevelopment.
Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay.
The business of a bank is to lend money; which amounts, nowadays, to lending credit.
Oftentimes, small business owners are unable to obtain reasonably priced financing and instead turn to higher priced forms of capital, such as credit cards.
The broken consumer credit market had to be repaired by making sure that consumers had the right information and could use it effectively. That meant consolidating the bloated patchwork of ineffective agencies and regulations so that a single agency could act as a voice for consumers.
Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.
The market is the creator of social wealth and the wellspring of self-sustaining economic development.
Before the arrival of the Credit Union, people who were from the poor background or a working class background couldn't borrow from banks.
When we make purchases on credit, they give us only an illusion of prosperity.